1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

What is considered too excessive betting/gambling?

Discussion in 'General Discussion' started by Bassmansam, Mar 30, 2017.

  1. Big Spender

    Wise Guy

    Joined: Oct 31, 2004

    Posts: 2,317

    because it is basically no lose gambling.
     
  2. dowie

    Caporegime

    Joined: Jan 29, 2008

    Posts: 39,083

    it doesn't become a different activity just because you're good at it

    it isn't up to me to define gambling either - gambling is still gambling whether you're winning or not - it is already defined and regulated in UK law
     
  3. dowie

    Caporegime

    Joined: Jan 29, 2008

    Posts: 39,083

    it is taking advantage of special offers - whether your bets are +ev or -ev doesn't matter much, it also tends to involve sports betting which I already mentioned in my post
     
  4. HangTime

    Man of Honour

    Joined: Oct 25, 2002

    Posts: 27,476

    Location: Hampshire

    Probably a fair assessment but I've never knowingly come across a gambler who fits that profile or at least in a pattern that could be determined from their bank statements, which typically wouldn't be looked at going back 10 years anyway. Even those that gamble a set amount each month probably have irregular deposits due to irregular winnings, and those doing matched betting would probably either run out of bonuses to take advantage of within 10 years or be running multiple accounts which in itself might raise a few eyebrows.
     
  5. rubberduck

    Mobster

    Joined: Feb 8, 2004

    Posts: 3,739

    Since when do mortgage applications require 10 years of bank statements? Isn't it 6 months?
     
  6. Madwelsh

    Hitman

    Joined: Jan 19, 2005

    Posts: 513

    Location: Legoland

    I worked in a casino for 6 months, the guy who trained me as a roulette croupier told me never to gamble, you know why? Because they are mugs.. Casino loved me because I was great with people, I quit and went to nursing. I didn't like what it did to people, yet they tried to exploit this.. That was why I left, how can you feel good about putting someone on the street?
     
  7. Aedus

    Sgarrista

    Joined: Aug 16, 2009

    Posts: 8,559

    Location: Luton, England

    Gambling is just an idiot tax.
     
  8. The Craig

    Soldato

    Joined: May 4, 2007

    Posts: 7,481

    Location: Warwickshire

    £50 seems a lot to me on that wage, although it's all relative. Edit: you gamble twice as much as the rent you pay (200/month?)... You gamble 10% of you wages?

    I'd reduce it (if it's not matched betting), but if that's what makes you happy then hey.

    Doubt mortgage companies will care!
     
    Last edited: Apr 1, 2017
  9. Bassmansam

    Wise Guy

    Joined: Nov 22, 2007

    Posts: 2,322

    So if i put £10 on Real Madrid and Barcelona to win am I an idiot? Nooo, you are :)
     
  10. currantloaf

    Hitman

    Joined: May 1, 2010

    Posts: 597

    My rule of thumb has always been : Gamble what you can afford to lose.
     
  11. Diddums

    Capodecina

    Joined: Oct 24, 2012

    Posts: 17,927

    Location: London


    Translation:

    "I don't gamble ergo it's for idiots. I'm probably a non-smoking teetotal vegan who only buys fair trade, organic food and wear clothes made of hemp. I don't do anything fun with my money because it's all idiot tax. My personality has been likened to a beige Ford Mondeo diesel with cloth interior and keep-fit window winders."


    Give or take.
     
  12. Aedus

    Sgarrista

    Joined: Aug 16, 2009

    Posts: 8,559

    Location: Luton, England

    You're saying that as if smoking is something to be proud of.

    The only part you actually got right was the first part, but nice try.
     
  13. asim18

    Capodecina

    Joined: Dec 5, 2006

    Posts: 15,410

    No one is forced to gamble lol, how can you call it a tax lmao.

    You're only an idiot if you're a crap gambler making silly bets and then keep going back again and again.
     
    Last edited: Apr 1, 2017
  14. Stolly

    Mobster

    Joined: Mar 11, 2004

    Posts: 4,934

    Never saw the point of gambling. Always had mates bragging every couple of months cos they won. Strangely very quiet about it in the intervening time.
     
  15. Stolly

    Mobster

    Joined: Mar 11, 2004

    Posts: 4,934

    Are all the people who loose idiots ? Do the profits made by the companies involved come solely from idiots ?
     
  16. asim18

    Capodecina

    Joined: Dec 5, 2006

    Posts: 15,410

    No and No.
     
  17. Stolly

    Mobster

    Joined: Mar 11, 2004

    Posts: 4,934

    Hmmm that's interesting. I wonder if the industry would even exist in its current form if it wasn't quite so very efficient at taking the cash off people who consider themselves intelligent gamblers into a good thing.
     
  18. asim18

    Capodecina

    Joined: Dec 5, 2006

    Posts: 15,410

    Never mind. Too much info. ;)
     
  19. dowie

    Caporegime

    Joined: Jan 29, 2008

    Posts: 39,083

    No, some people fully appreciate they'll lose and do it for entertainment.

    No, the profits (mostly but not exclusively*) come from people who lose, that subset does of course include idiots. Winners get often get banned when detected - exceptions being when they win against other gamblers such as via betting exchanges or when playing poker.


    * a winning betfair gambler or poker player still contributes towards profits via commission or rake
     
  20. mmj_uk

    Capodecina

    Joined: Dec 26, 2003

    Posts: 22,739

    I don't think gambling is a problem as long as you're not hemorrhaging money, when it reaches a point where you're losing all of your spare cash or even getting into debt then clearly you need help.

    I think the best way to gamble safely is to reserve a small amount of spending money each week for gambling and not exceed it, a bit like how most people play the national lottery.